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    Incentives

    Worker Shortage Not Always Solved by Incentives

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    Farming in California has become more difficult in recent years as there aren’t enough people to do the arduous work involved in farming. Incentives of higher pay don’t always work to attract enough workers. So the owner of one California farm has adjusted to this labor shortage in a few different ways and reached a […]

    Posted bynpr_h1dlv5October 15, 2019October 29, 2019Posted inIncentives

    Incentives to Work Hard

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    In 1930, the economist John Maynard Keynes wrote an essay in which he predicted that by the time his children were grown up, people would be working just 15 hours a week. Today, in some countries, people do work a bit less than they did fifty years ago, but Keynes’s prediction was essentially wrong. There […]

    Posted bynpr_h1dlv5October 15, 2019October 29, 2019Posted inIncentives

    Topics

    • Allocation
    • Competition and Market Structure
    • Decision Making
    • Economic Fluctuations
    • Economic Growth
    • Entrepreneurship
    • Fiscal and Monetary Policy
    • Government Failure
    • Incentives
    • Income
    • Institutions
    • Interest Rates
    • Markets and Prices
    • Money and Inflation
    • Role of Government and Market Failure
    • Role of Prices
    • Scarcity
    • Specialization
    • Trade
    • Unemployment and Inflation

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